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Emaar approves Development buyout ahead of planned delisting // Oil and chip shares retreat after Democratic victories // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Kochi police detain two actors over bid to honey trap doctor // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Cloudflare unveils Zero Wire vulnerability intelligence service // Dubai details five-year visa benefits for returning visitors // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // Emirates Group records AED 4.1 billion half-year profit // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Technology shares plunge as Nasdaq enters correction // OpenAI identifies 948 Linux privilege escalation flaws using AI // APT29-linked campaign exploits outdated Apple and Android software // Ousted top Kochi cop gets IG post // Dubai boat show confirms international shipyard line-up for November // UK air traffic outage inflicted £33m financial losses // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region //

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HONG KONG, CHINA – Media OutReach – 8 June 2020 – Today, AsiaPac Net Media Limited and AdTech Innovation Limited — agencies under AsiaPac Group leading Asia’s digital marketing with self-developed AI tools and big data — received Criteo Partner status in APAC covering Hong Kong, China, Taiwan, Thailand, Singapore and Malaysia markets. Criteo Partners is a global partnership program launched by Criteo, the global technology company powering the […]

by James M. Dorsey  Rejiggering security arrangements in the Gulf may be a more pressing issue than meets the eye. That is not good news for the Gulf states. It is also bad news for China, which could see the rug pulled out from under its studious effort to remain on the sidelines of the Middle East’s myriad conflicts. China and the Gulf states are in the same […]

Emirates Airline reported a 21 percent jump in profit to US$288 million (Dh1.1 billion) in 2019-2020 financial year ending March 31, 2020, compared to $245 million (Dh900 million) reported in 2018-19 financial year, despite the effects of Covid-19 that grounded its fleet in the 12th month of the reporting period. The airline reported strong profit growth despite a 6 percent decline in revenue to $25.1 billion (Dh92 billion), […]

A Ninja was a covert agent in Japan who was trained in martial arts and deployed as a weapon against a foe. Their speciality was surprised attacks, assassination, espionage and sabotage. Ninjas have become popular in mainstream culture thanks to movies like Teenage Mutant Ninja Turtles and their appeal has crossed over to video games and even slots at slotsmummy.com. Ninja Ways  If you are fascinated by […]

By James M. Dorsey A decision by the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers like Russia to temporarily end a price war and cut production amounts to a time-out rather than an end to what is likely to erupt at some point in the future as a tripartite war. More immediately, the decision averts a significant deterioration in relations between the United States and […]

Over the past few years the UAE has seen a boom in start-ups and online businesses. The influx of female entrepreneurs heading start-ups have systemically changed office culture, making it accessible for all genders, and giving a stronger voice to women in general. In fact, the UAE is considered one of the best markets for business women. Back in 2017 the UAE pledged $50 million to the […]

By Matein Khalid The US dollar is the traditional safe haven currency during times of geopolitical or financial stress even when the cause of a risk aversion spasm is ultimately American, such as the failure of Lehman Brothers in 2008, Obama’s epic budget battles with the Republicans in 2011 and the Trump White House’s drone hit on Iran’s most revered Revolutionary Guard commander on 3 January 2020. […]

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By Matein Khalid I had published an article expressing my shock at the abysmal corporate governance and financial disclosure at NMC Healthcare, the London listed UAE’s largest private operator of healthcare clinics and hospitals. NMC Healthcare shares were at 1816 pence on the LSE when I published my article in the Gulf and UK financial press on 30 December 2019. NMC Healthcare has now plunged to 775 […]

By James M. Dorsey A podcast version of this story is available on Soundcloud, Itunes, Spotify, Stitcher, TuneIn, Spreaker, Pocket Casts, Tumblr, Podbean, Audecibel, Patreon and Castbox. Saudi Arabia may have been getting more than it bargained for when authorities in Khujand, Tajikistan’s second largest city, ordered that the city’s largest and most popular mosque be converted into a cinema. The order followed the closure of some 2,000 mosques in the country in the last three years and the arrest last month […]

The following is a text of seven -year-old Soborno Isaac Bari’s prepared remarks to Mankind, delivered on January 6, 2020 at SP Pune University in India. I am honored to be in India, the birthplace of Mahatma Gandhi, and to be hosted by Savitribai Phule Pune University. Since 1949, India has stood as a beacon of democracy, diversity, and  tolerance and the University of Pune has served […]

By Matein Khalid My tactical idea last week to recommend buying sterling against the US dollar (cable) at 1.30 for a 1.34 target is 200 pips in the money now that the Bank of England kept the policy rate unchanged at 0.75% despite Governor Carney’s smoke signals. Sterling closed at 1.32 on Friday evening and will be well bid next week – hopefully. I expect Governor Bailey […]

By Matein Khalid I had recommended buying the Tadawul ETF iShares MSCI Saudi Arabia (symbol KSA on NYSE) on November 30 to benefit from the post-IPO surge in the price of the Saudi Aramco IPO shares on the Tadawul. This tactical trade was a beauty even before Saudi Aramco shares soared 20% on its Thursday December 12 to peak at 38.7 Saudi riyals (SAR). As I expected, […]

By Arabian Post Staff DJIBOUTI: Just a few kilometres from the centre of the capital city of Djibouti, experts are giving final touches to what is tipped to be the second  largest mosque in the country. The initial idea of Masjid Al Rayan originated in the need for providing a place for worshipers who had to vacate their original neighbourhood in an old district of the capital. […]

 In an event held at the UAE’s only ecological school, the Arbor School, the Finnish Expo 2020 Dubai pavilion and the real-life Finnish Santa Claus highlighted the importance of adopting and adapting a circular economy in order to combat the current climate crisis the world is facing and empowering our youth to be part of sustainable change. The Arbor School was selected to host Santa Claus due […]

By Arabian Post Staff Emirates placed a firm order for 50 A350-900 XWB aircraft worth US$16 billion (Dh58.7 billion) at list prices at the Dubai Airshow 2019. Powered by Rolls-Royce Trent XWB engines, delivery of the first Emirates A350 XWB is expected in May 2023, and will continue until 2028. Sheikh Ahmed bin Saeed Al Maktoum, Emirates Chairman and Chief Executive, signed the deal with Guillaume Faury, […]

By Saifur Rahman Dubai: Emirates Group, which includes Emirates Airline and its ground handling and ticketing arm Dnata, reported an 8 percent growth in profits to Dh1.2 billion (US$320 million), despite a 2 percent decline in group revenues to Dh53.3 billion (US$14.5 billion) for the first six months of 2019-2020 financial year, starting April 1, 2019, compared to Dh54.4 billion (US$14.8 billion), during the same period last year, due to unfavourable […]

Mohamed Said Guedi, a Somaliland-Djibouti dual national, has been running successful businesses in East Africa, the Middle East and Europe. He is an entrepreneur who grew several businesses from start-ups to millions in annual sales through effective business planning, quality of products, creative sales techniques and innovative marketing.

Saudi Arabia’s energy-sector manufacturing – industrial activities that are principally related to the energy value-chain – are set for robust growth in the coming decade, not only adding to the Kingdom’s exports but also promoting job creation among highly-skilled Saudis and strengthening the Small and Medium Enterprises (SME) sector, reports the findings of the first-of-its-kind study on the Saudi industrial and energy manufacturing landscape by GE. Unveiled […]

Bahrain has been ranked among the top-10 most improved economies in the world in this year’s Doing Business 2020 report, up 19 places to 43rd place since last year in the World Bank’s assessment of 190 countries. The most improved economies are selected based on the number of economic programs and legislative reforms each country has enacted, and on how much their ease of doing business score […]

Decades ago, our brain used to be our storage box. We could easily memorize numbers and dates and would remember any time, any day. Calculations were done off-handed, and reading was a constant exercise. The beauty of this is that, as we constantly task our brain with these duties, our mental capacity increase. But today, the advancement in technology has made both young and old reliance on […]

By Matein Khalid So Boris Johnson was elected the leader of the Conservative Party by 66% of the Tory membership and thus he, not Jeremy Hunt, will go to Buck House to present his credentials to Her Majesty the Queen. This increases the risk of both no deal Brexit and a potential Tory vote of no confidence in parliament, led by Mrs. May’s Chancellor of the Exchequer […]

By Matein Khalid George Soros once observed “the big money in emerging markets is made when things go from Godawful to just plain awful”. So true. The point of maximum pessimism in an emerging market is often an opportune moment to accumulate its shares, ideally after a political, economic or financial systemic shock. I sold my entire Pakistan equities portfolio in summer of 2017 after the Supreme […]

Arabian Post Staff A UAE bid to become a globally recognized internet security watchdog, empowered to certify the safety of websites for Firefox users, has failed with the browser maker Mozilla rejecting the country’s bid. Websites seeking designation as safe by internet browsers have to be certified by an outside organization, which will confirm their identity and vouch for their security. Mozilla said it made the decision […]

Millennials are the generation that’s influencing almost everything today. From trends to which brands will be popular and which ones won’t be, etc. Millennials have so much influence in our everyday lives that we aren’t even aware of how significant impact they have. Our digital marketing agency Dubai concluded that if something isn’t “trendy”, it’s because this generation decided that way. That “untrendy” company can do whatever […]

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Just in:
OpenAI identifies 948 Linux privilege escalation flaws using AI // APT29-linked campaign exploits outdated Apple and Android software // Millions Of Indians May Soon Be Deprived Of Government Assistance // TVM –Mangaluru Vande Bharat claims top spot // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // Private varsities bill all set to face the axe // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Emaar approves Development buyout ahead of planned delisting // Ousted top Kochi cop gets IG post // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // Dubai details five-year visa benefits for returning visitors // Hong Kong mandates crypto transaction disclosures to tax authorities // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // UK air traffic outage inflicted £33m financial losses // Oil and chip shares retreat after Democratic victories // Emirates Group records AED 4.1 billion half-year profit // Cloudflare unveils Zero Wire vulnerability intelligence service //